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Samsung signage is seen in a retailer in Manhattan, New York Metropolis, U.S., November 22, 2021. Picture by Reuters/Andrew Kelly
Samsung SDI Co Ltd has damaged floor on a brand new 1.7 trillion received ($1.3 billion) battery manufacturing unit in Malaysia to make cylindrical batteries, the corporate mentioned on Thursday.
The battery maker mentioned it might make investments the 1.7 trillion received in levels within the manufacturing unit within the area of Seremban till its completion in 2025.
The manufacturing unit is anticipated to start producing cylindrical batteries beginning 2024, Samsung SDI mentioned in a press release.
The batteries are anticipated for use for numerous purposes starting from energy instruments and micro-mobility to electrical autos (EVs), it mentioned.
The manufacturing unit will likely be Samsung SDI’s second in Malaysia, with the primary making cylindrical batteries for EV clients.
Along with Malaysia, Samsung SDI has manufacturing websites in South Korea, China, Hungary, and the US. Samsung SDI’s shoppers embody BMW, Ford Motor and Volkswagen, amongst others.
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